American Express Challenges PayPal With ‘Serve’ Digital Fee Platform
American Express could have been lagging a bit behind the likes of Visa and Mastercard with digital funds through the years, however it is making a fairly massive play in the sector today. It’s just introduced its new “Serve” digital fee platform, which is more or less a straight-on competitor to PayPal. That means you’ll switch funds to your Serve account out of your checking account or credit card, send money to others utilizing either the website or mobile app (at present available for iOS and Android), and even link your account to a reloadable Serve card, which you need to use at any retailer that accepts American Specific credit score cards. Nothing fancy like NFC funds simply but, however American Express is promising to “shortly evolve” the platform by adding new options and performance, and it is hoping to kick start issues by waiving most of the consumer fees for the primary six months. Head on past the break for the entire press release, and hit up the source hyperlink below if you’d like to sign up.
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